Ideal United Bintang International Bhd (-ve)
Trading of the shares in Ideal United Bintang International Bhd (fundamental: 2.1, valuation: 1.5), has triggered our momentum algorithm yesterday for the fifth time this year.
The stock rose six sen or 5.71% to RM1.11, after 836,600 shares were traded, compared with its 200-day average volume of 32,774 shares.
Its group executive chairman Tan Sri Ooi Kee Liang and his wife Puan Sri Phor Li Wei are currently in a takeover bid to acquire a 54.06% stake in Ideal via their investment vehicle ICT Innotech
At the current share price, Ideal United Bintang International has a market capitalisation of RM122.62 million. In the past 12 months, the stock has climbed some 42%.